-
RSS Subscribe
-
The Tax Exempt Cabinet
Obama was fortunate to receive an early Presidential endorsement from former Senator and Leader of the Senate, Democrat Tom Daschle. Obama has stated that Daschle has been a long time advisor in his Presidential campaign. In June of 2008 Obama declares victory over Hillary Clinton in race to secure the Democratic Presidential nomination.
Also in June of 2008 Tom Daschle claims that “SOMETHING made him think that the limousine and driver he had been receiving from his employer (InterMedia Partners) since the beginning of 2005 might be taxable income since he used it 80% of the time for personal use.” The total tax due on the unreported income of over $250,000 was $128,000 (plus $12,000 in interest and penalties).
His Accountant said yes that would be the case it could pose a problem for him. Since Daschle had not included this income on his tax return for the years 2005, 2006 & 2007 he was delinquent in his taxes and he would be required to notify the IRS and pay the late taxes and penalties immediately.
Daschle claimed he was going to take care of the delinquent taxes (already 3 years delinquent) in April of 2009 when he files his 2008 return and expressed it in a way that might lead you to think it would appropriately be part of his 2008 filing. Sorry, that is not the case, it is totally a separate issue and would continue to accrue interest and penalties for an additional 9 months. But, Obama had not been elected in June and it was entirely possible that he might not be elected at all and even though I am sure Daschle knew he was on the list for a top appointment, he couldn’t be sure he would even have to confront the Vetting process at all, so why rush to pay a tax he may never have to deal with. Also, if he waited to file his amended returns till 4/15/2009 curiously that is the date that the earliest of his delinquent years (2005) is released from liability by the statue of limitations and 2005 was the year of largest liability because duration of interest and penalties.
If Obama does not get elected there would be no compelling reason for him to file an amended return. If he does get elected he could file delinquently for years 2006 & 2007 (omitting the 2005 return) in April, 2009 and pay the piper in order to get the terrific powerbase as Health and Human Services Secretary. In that light it might be a small price to pay.
But subsequent events, to Mr. Daschle’s disappointment, have put the spotlight on Cabinet appointments after Obama appointed Tim Geithner as the Secretary of the Treasury and it turns out he didn’t pay all his taxes and he was going to be head of the IRS. Mr. Geithner filed amended returns AFTER the Obama vetting team found the underpayment on his tax returns. I am not sure why he had to wait for Obama’s staff to find it since he had received multiple notices from the IRS to pay the amount he owed, which he regularly ignored. Mr. Geithner even signed documents yearly with the IMF (the International Monetary Fund) his employer acknowledging that he knew he was responsible for this tax and he even submitted reimbursement vouchers to the IMF for said tax which they paid him, yet he did not remit that money to the IRS. Does this sound like an “error” to you? Don’t be a fool.
Back to Daschle. It was also discovered by the Obama transition team that over the 2005-2007 period Daschle took $15,000 of Charitable Contribution deductions for donations he didn’t make to qualified tax exempt organizations (I’m guessing Political Donations), AND…… in 2007 he received a consulting salary of $1,000,000 from InterMedia Partners of which he didn’t include $83,333 of that income on his tax return in 2007.
Add this to the previous report that Charles Rangel, (D-New York), the Chairman of the powerful House Ways & Means Committee who writes the tax laws failed to report many years of rental income on real estate that he owned, claiming he wasn’t aware of his liability.
These are the guys that have been the prime movers behind the tax laws over the last 20 years and they have repeatedly claimed that certain Americans are not paying their “fair share” and continued to push for increased taxes regularly. This is the true “culture of corruption” in Washington. But it is time to reward them with cushy political jobs with overwhelming power.
Change You Won’t Believe-Global Warming
Carol Browner is going to be our new “Climate Czar” on global warming. She was named by Barack from where she was one of 14 members of the socialist organization named Socialists International working for a “Sustainable World Society” which seeks Global Governance. Their mission is to see that “rich” countries (i.e. the United States) shrink their economies because of the Global Warming scare. This group in short wants to bring the USA down to size and put it under a world body control [i.e. loss of sovernity]. It isn’t enough that such remedies will cause great pain and suffering in the United States, especially to the working and under class, but that such efforts are misplaced since it doesn’t look like there is any Anthropogenic Global Warming (i.e. manmade GW) and that CO2 levels are a result of Global Warming, not a cause of it. If you question this, check this article from the English edition PRAVDA (here) that so many of Barack and Carol’s friends would consider authorative on any other matter. But I am sure you are prepared to lower your own standard of living and sacrifice your own job to further Carol and Barack’s goals. Cummon…….you must do your part!!!!!
I have argued on the pages of NSL that merely complying with the misguided mandates of the Koyto Treaty would bring an economic downturn unparalleled since the Depression. This has been debated here by those that don’t believe such compliance would have that type of impact; however, Ms. Browner herself supports the consequences I fear as the primary method of achieving those goals whether it is based on lie propagated successfully by Al Gore for his own gain financial or not.
Of course since her appointment by Barack her name has come down from the “socialist” website, but you can take comfort that Barack transition team has stated that her association with this organization (Socialists International) is no problem for them…………………duh!